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  • Tough market conditions that are providing reinsurers with the "sternest possible test" of their enterprise risk management (ERM) are likely to lead to a number of rating outlook changes, according to credit agency Standard & Poor's (S&P).
  • Fairfax Financial Holdings became the latest international (re)insurance group to take a controlling stake in a Lloyd's managing agency after buying out a major shareholder in its long-term partner Advent Capital Holdings plc.
  • Last week's move by Swiss Re to sell its US asset management arm Conning & Co to Jeff Greenberg-run private equity firm Aquiline Capital Partners LLC should help increase its capital buffer.
  • The opaque, but growing, practice of brokers charging payments from insurers to place business with them has been attacked by an influential US think tank as “potentially damaging”. The Washington Legal Foundation (WLF) urged senior industry regulators
  • Are the Bain & Co proposals a viable attempt to reform Lloyd's or a knee-jerk reaction from management to avoid criticisms of under-performance? For a three hundred year old organisation, Lloyd's of London demonstrates an admirable willingness to chang
  • Property catastrophe specialist IPC Re last week (26 July) reported net income of $64.1mn or $1.32 a share, down on the $74.1mn or $1.53 a share booked in the second quarter of 2004.
  • Munich Re, the world's largest reinsurer, announced last week that it will launch one of the largest ever reinsurance rights issues, worth at least €3.8bn (£2.6bn).
  • Despite the perceived threat of another terrorist attack on the scale of 9/11 and initiatives like the TRIA to encourage cover for property and business interruption losses, it is the natural world that still poses the greatest single danger to industry f
  • Maiden Holdings Ltd, the Bermudian domiciled reinsurer that forms part of the AMTrust Group, has produced operating earnings of $58mn in 2008, as it wrote on net written premiums of $727.4mn and produced a full-year combined ratio of 94.9 percent.
  • Closing prices for 2008 US cat windstorm losses leapt nearly six percent yesterday on the derivatives platform Insurance Futures Exchange Services (IFEX) signalling that traders think there is a greater chance of a major windstorm loss next year.